Bullish momentum of Malaysian stocks likely to continue

UOB Asset Management executive director and chief executive officer Lim Suet Ling said that based on historical trends, the local bourse would normally be flat leading up to a general election (GE), which is likely to take place in March.

PETALING JAYA: A growing number of equity research firms and fund managers are advising their clients to buy shares in companies listed on Bursa Malaysia, citing the robust economic growth and strong ringgit as key factors driving up asset prices.

The higher price of crude oil, which has steadied at just below US$70 a barrel, is also helping to whet foreign investor appetite for local stocks.